The Federal Deposit Insurance Corp. said that people with bank and retirement accounts with lender IndyMac, which was seized by federal regulators over the weekend, will have full access to their FDIC-insured funds today, but that home equity lines of credit will be frozen, pending a review. The Office of Thrift Supervision blamed IndyMac’s failure on a bank run. The FDIC said the failure will cost it $4 billion to $8 billion. (Los Angeles Times, free registration)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Syrian women know how to defeat ISIS
- The U.S. Marines are developing laser weapons. Here's why.
- The one thing the New Atheists get right about religion
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Will Kobani be ISIS's Waterloo?
- How 1,000-year lifespans could remake the economy
- 5 baffling foreign-language versions of the Fresh Prince of Bel-Air theme song
- Bob Odenkirk's 6 favorite books
- The stories behind 22 classic album covers
Subscribe to the Week